REI Lense

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$2,356 (target)

934 Spurling Dr, Hixson, TN 37343

3 beds • 3 baths • 2229 sqft

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This property looks like a bad Long-Term investment with a projected -1.88% first-year return on $68,271 initial cash invested.

-1.88%

Cash On Cash

6.11%

Cap Rate

1.01

DSCR

$2,356

Rent

-$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,356 income − $2,463 expenses = $107 out of pocket

Income$2,356Out of Pocket$107Mortgage P&I$1,64570%Property Taxes$884%Insurance$1175%Management$23610%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,271

Downpayment

20%

$65,020

Closing costs

1%

$3,251

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,356

Total Expenses

$2,463

Mortgage P&I

70%

$1,645

Property Taxes

4%

$88

Home Insurance

5%

$117

HOA

0%

$0

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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